CFO Mats Backman to Leave Sandvik

Mats Backman, Executive Vice President and Chief Financial Officer, CFO,
for Sandvik (STO:SAND) has decided to leave Sandvik to assume the
equivalent position as CFO for the automotive safety supplier Autoliv.
He assumes the position no later than 1 June 2016. The process to find a
successor has been initiated.

- I’m grateful for Mats Backman’s contributions and the role that he has
played as a key member in the Group Executive Management. At the same
time I’m pleased that Mats will ensure a successful transition to his
successor. I wish Mats all the best in his new position, says Björn
Rosengren, Sandvik’s President and CEO.

Sandvik is a high-tech and global engineering group offering advanced
products and services that enhance customer productivity, profitability
and safety. We hold world-leading positions in selected areas – tools
for metal cutting, equipment and tools for the mining and construction
industries, stainless materials, special alloys, metallic and ceramic
resistance materials as well as process systems. In 2014, the Group had
about 47,000 employees and sales of about 89 billion SEK in more than
150 countries.